Vanguard (Lagos)

12 February 2013

Nigeria: Alleged N672 Million Fraud - Ikuforiji's Aide Gets Bail

Lagos — JUSTICE Deborah Oluwayemi of the Lagos High Court, sitting in Igbosere, has granted bail to Oyebode Atoyebi, the Personal Assistant, PA, to the Speaker of Lagos State House of Assembly over alleged N672m fraud.

The judge said the bail was granted to Atoyebi, based on earlier bail granted to him by the Chief Judge of Lagos State, Justice Ayotunde Philips.

It will be recalled that Justice Oluwayemi had on January 10, 2013 revoked the bail granted Atoyebi, by Chief Judge of Lagos State, Justice Ayotunde Phillips and ordered that he be remanded in the custody of the Economic and Financial Crimes Commission, EFCC.

Atoyebi and a company, Sidaw Ventures Ltd, along with Mr Olayinka Sanni, a former manager with Intercontinental Bank Plc (now Access Bank), were arraigned by EFCC on an eight count charge bordering on conspiracy, stealing and forgery amounting to about N672 million.

Sanni, a chartered accountant and operator of Sidaw Ventures, a bureau de change, was alleged to have fraudulently transferred various sums of money from more than seven customers of the former Intercontinental Bank into the account of Sidaw ventures owned and operated by him without the customers' consent.

Justice Oluwayemi, after delivering the ruling, adjourned the case to February 14 for commencement of trial.

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